Carlyle Credit Income Fund (NYSE:CCIF) Shares Down 1.6% – Here’s What Happened

Carlyle Credit Income Fund (NYSE:CCIF) shares were down 1.6% during trading on Tuesday . The company traded as low as $2.46 and last traded at $2.48. 82,693 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 136,945 shares. The stock had previously closed at $2.52.

Wall Street Analysts Forecast Growth

Separately, Credit Suisse Group set a $3.50 target price on Carlyle Credit Income Fund in a research note on Friday, August 21st.

Carlyle Credit Income Fund Stock Performance

The firm has a 50-day moving average price of $2.73 and a 200 day moving average price of $3.01.

Carlyle Credit Income Fund (NYSE:CCIF) last posted its quarterly earnings data on Wednesday, August 19th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). The company had revenue of $4.31 million during the quarter, compared to analysts’ expectations of $5.39 million.

Carlyle Credit Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Tuesday, November 17th will be given a dividend of $0.06 per share. This represents a c) annualized dividend and a dividend yield of 28.8%. The ex-dividend date of this dividend is Tuesday, November 17th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Solutions Group LLC purchased a new position in Carlyle Credit Income Fund in the second quarter valued at $113,000. Two Sigma Securities LLC acquired a new position in Carlyle Credit Income Fund during the 2nd quarter worth $29,000. Belpointe Asset Management LLC increased its holdings in Carlyle Credit Income Fund by 10.9% during the 2nd quarter. Belpointe Asset Management LLC now owns 61,053 shares of the company’s stock worth $170,000 after purchasing an additional 6,000 shares during the period. J.W. Cole Advisors Inc. increased its holdings in Carlyle Credit Income Fund by 18.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 305,394 shares of the company’s stock worth $1,432,000 after purchasing an additional 46,681 shares during the period. Finally, GatePass Capital LLC acquired a new stake in Carlyle Credit Income Fund in the 4th quarter valued at about $321,000.

About Carlyle Credit Income Fund

Carlyle Credit Income Fund is a close ended fixed income mutual fund launched and managed by Vertical Capital Asset Management, LLC. The fund is co – managed by Behringer Advisors, LLC. The Fund invests mainly in fixed-income securities. The fund invests in stocks of companies operating across diversified sectors. It seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Mortgage Backed Securities Index. Carlyle Credit Income Fund was formed on December 30, 2011 and is domiciled in the United States.